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Costs and Charges Illustrations



Example 1: Information Concerning Costs and Related Charges for Portfolio in Stocks & Warrants

Examples covers January 1 - December 31

GBP Scenario

Portfolio Assumptions
Initial Investment£10,000.00
Margin0.00%
Notional Amount£10,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*0.10%
Financing Rate0.00%
Monthly Activity Fee£0.00
Monthly Market Data Fee£5.00
Research News and Fees£0.00

Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee£120.00
Financing£0.00
Monthly Activity Fee£0.00
Market Data Fee£60.00
Research News and Fees£0.00
Product Costs
Product Costs£0.00
TOTAL COSTS AND CHARGES£180.00
Gross Return
Initial Investment£10,000.00
Rate of Return10.00%
End Value - Investment£11,000.00
Net Return
Investment Gain in ££1,000.00
Minus Costs and Charges Related to Investment£180.00
Net End Value of Gain£820.00

Net End Value of Investment£10,820.00
Net Return on Investment8.20%
Impact of Costs and Charges-1.80%

* 0.1% per trade value.

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin0.00%
Notional Amount€11,600.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.10%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€139.20
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES€163.20
Gross Return
Initial Investment€11,600.00
Rate of Return10.00%
End Value - Investment€12,760.00
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€163.20
Net End Value of Gain€996.80

Net End Value of Investment€12,596.80
Net Return on Investment8.59%
Impact of Costs and Charges-1.41%

* 0.05% per trade value

USD Scenario

Portfolio Assumptions
Initial Investment$13,000.00
Margin0.00%
Notional Amount$13,000.00
# of shares260
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.01
Financing Rate0.00%
Monthly Activity Fee$0.00
Monthly Market Data Fee$1.50
Research News and Fees$0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$31.20
Financing$0.00
Monthly Activity Fee$0.00
Market Data Fee$18.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$49.20
Gross Return
Initial Investment$13,000.00
Rate of Return10.00%
End Value - Investment$14,300.00
Net Return
Investment Gain in $$1,300.00
Minus Costs and Charges Related to Investment$49.20
Net End Value of Gain$1,250.80

Net End Value of Investment$14,250.80
Net Return on Investment9.62%
Impact of Costs and Charges-0.38%

* 0.5 cents per share per trade



Example 2: Information Concerning Costs and Related Charges for Portfolio in Equity Contract for Difference

Examples covers January 1 - December 31

GBP Scenario

Portfolio Assumptions
Initial Investment£10,000.00
Margin20.00%
Notional Amount£50,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%



Service Costs
"Round Trip" per Trade Fee*0.10%
CFD Financing Fee = 2.50% + Benchmark2.50%
Monthly Activity Fee£0.00
Monthly Market Data Fee£5.00
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee£600.00
Financing£1,250.00
Monthly Activity Fee£0.00
Market Data Fee£60.00
Research News and Fees£0.00
Product Costs
Product Costs£0.00
TOTAL COSTS AND CHARGES£1,910.00
Gross Return
Notional
Start Value - Investment£50,000.00
End Value - Investment£55,000.00
Gross Gain on Investment£5,000.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment£10,000.00
EndValue - Initial Investment£15,000.00
Gross Gain on Investment£5,000.00
Rate of Return50.00%
Net Return
Notional
Gross Return on Investment in ££5,000.00
Minus Costs and Charges Related to Investment£1,910.00
Net Return on Investment in ££3,090.00

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %6.18%
Impact of Costs and Charges on Notional Return-3.82%
Initial Investment
Gross End Value - Initial Investment£15,000.00
Net End Value - Initial Investment£13,090.00

Gross Return on Initial Investment50.00%
Net Return on Initial Investment30.90%
Impact of Costs and Charges on Initial Investment Return-19.10%

* 0.05% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin20.00%
Notional Amount€58,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.10%
CFD Financing Fee = 2.5% + Benchmark2.50%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€696.00
Financing€1,450.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES€2,170.00
Gross Return
Notional
Start Value - Investment€58,000.00
End Value - Investment

€63,800.00

Gross Gain on Investment€5,800.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment€11,600.00
EndValue - Initial Investment€17,400.00
Gross Gain on Investment€5,800.00
Rate of Return50.00%
Net Return
Notional
Gross Return on Investment in €€5,800.00
Minus Costs and Charges Related to Investment€2,170.00

Net Return on Investment in €

€3,630.00

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %6.26%
Impact of Costs and Charges on Notional Return-3.74%
Initial Investment
Gross End Value - Initial Investment€17,400.00
Net End Value - Initial Investment€15,230.00

Gross Return on Initial Investment50.00%
Net Return on Initial Investment31.29%
Impact of Costs and Charges on Initial Investment Return-18.71%

* 0.05% per trade value

USD Scenario

Portfolio Assumptions
Initial Investment$13,000.00
Margin20.00%
Notional Amount$65,000.00
# of shares1,300
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.01
CFD Financing Fee = 2.5% + Benchmark2.58%
Monthly Activity Fee$0.00
Monthly Market Data Fee$1.50
Research News and Fees$0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$156.00
Financing$1,677.00
Monthly Activity Fee$0.00
Market Data Fee$18.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$1,851.00
Gross Return
Notional
Start Value - Investment$65,000.00
End Value - Investment$71,500.00
Gross Gain on Investment$6,500.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment$13,000.00
EndValue - Initial Investment$19,500.00
Gross Gain on Investment$6,500.00
Rate of Return50.00%
Net Return
Notional
Gross Return on Investment in $$6,500.00
Minus Costs and Charges Related to Investment$1,851.00
Net Return on Investment in $$4,649.00

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %7.15%
Impact of Costs and Charges on Notional Return-2.85%
Initial Investment
Gross End Value - Initial Investment$19,500.00
Net End Value - Initial Investment$17,649.00

Gross Return on Initial Investment50.00%
Net Return on Initial Investment35.76%
Impact of Costs and Charges on Initial Investment Return-14.24%

* 0.5 cents per share per trade


Example 3: Information Concerning Costs and Related Charges for Portfolio in Margin Stocks and ETFs

Examples covers January 1 - December 31

GBP Scenario

Portfolio Assumptions
Initial Investment£10,000.00
Margin50.00%
Notional Amount£20,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%



Service Costs
"Round Trip" per Trade Fee*0.10%
Financing Rate1.5%
Monthly Activity Fee£0.00
Monthly Market Data Fee£5.00
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee£240.00
Financing£150.00
Monthly Activity Fee£0.00
Market Data Fee£60.00
Research News and Fees£0.00
Product Costs
Product Costs£0.00
TOTAL COSTS AND CHARGES£450.00
Gross Return
Notional
Start Value - Investment£20,000.00
End Value - Investment£22,000.00
Gross Gain on Investment£2,000.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment£10,000.00
EndValue - Initial Investment£12,000.00
Gross Gain on Investment£2,000.00
Rate of Return20.00%
Net Return
Notional
Gross Return on Investment in ££2,000.00
Minus Costs and Charges Related to Investment£450.00
Net Return on Investment in ££1,550.00

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %7.75%
Impact of Costs and Charges on Notional Return-2.25%
Initial Investment
Gross End Value - Initial Investment£12,000.00
Net End Value - Initial Investment£11,550.00

Gross Return on Initial Investment20.00%
Net Return on Initial Investment15.50%
Impact of Costs and Charges on Initial Investment Return-4.50%

* 0.1% per trade value.

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin50.00%
Notional Amount€23,200.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.10%
Financing Rate1.50%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€174.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES€476.40
Gross Return
Notional
Start Value - Investment€23,200.00
End Value - Investment

€25,520.00

Gross Gain on Investment€2,320.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment€11,600.00
EndValue - Initial Investment€13,920.00
Gross Gain on Investment€2,320.00
Rate of Return20.00%
Net Return
Notional
Gross Return on Investment in €€2,320.00
Minus Costs and Charges Related to Investment€476.40

Net Return on Investment in €

€1,843.60

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %7.95%
Impact of Costs and Charges on Notional Return-2.05%
Initial Investment
Gross End Value - Initial Investment€13,920.00
Net End Value - Initial Investment€13,443.60

Gross Return on Initial Investment20.00%
Net Return on Initial Investment15.89%
Impact of Costs and Charges on Initial Investment Return-4.11%

* 0.05% per trade value

USD Scenario

Portfolio Assumptions
Initial Investment$13,000.00
Margin50.00%
Notional Amount$26,000.00
# of shares520
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*0.01
Financing Rate1.60%
Monthly Activity Fee$0.00
Monthly Market Data Fee$1.50
Research News and Fees$0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$62.40
Financing$208.00
Monthly Activity Fee$0.00
Market Data Fee$18.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$288.40
Gross Return
Notional
Start Value - Investment$26,000.00
End Value - Investment$28,600.00
Gross Gain on Investment$2,600.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment$13,000.00
EndValue - Initial Investment$15,600.00
Gross Gain on Investment$2,600.00
Rate of Return20.00%
Net Return
Notional
Gross Return on Investment in $$2,600.00
Minus Costs and Charges Related to Investment$288.40
Net Return on Investment in $$2,311.60

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %8.89%
Impact of Costs and Charges on Notional Return-1.11%
Initial Investment
Gross End Value - Initial Investment$15,600.00
Net End Value - Initial Investment$15,311.60

Gross Return on Initial Investment20.00%
Net Return on Initial Investment17.78%
Impact of Costs and Charges on Initial Investment Return-2.22%

* 0.5 cents per share per trade


Example 4: Information Concerning Costs and Related Charges for Portfolio in Futures

Examples covers January 1 - December 31

GBP Scenario: FTSE 100 Future (Z)

Portfolio Assumptions
Initial Investment£21,500.00
Margin Per Contract£4,568.00
Initial Contract Price£7,400.00
Multiple10
Number of Contracts4
Notional Amount Available£296,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*£3.40
Financing Fee0.00%
Monthly Activity Fee£0.00
Monthly Market Data Fee£120.75
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee£163.20
Financing£0.00
Monthly Activity Fee£0.00
Market Data Fee£1,449.00
Research News and Fees£0.00
Product Costs
Product Costs£0.00
TOTAL COSTS AND CHARGES£1,612.20
Gross Return
Notional
Start Value - Investment£296,000.00
End Value - Investment£325,600.00
Gross Gain on Investment£29,600.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment£21,500.00
EndValue - Initial Investment£51,100.00
Gross Gain on Investment£29,600.00
Rate of Return137.67%
Net Return
Notional
Gross Return on Investment in ££29,600.00
Minus Costs and Charges Related to Investment£1,612.20
Net Return on Investment in ££27,987.80

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %9.46%
Impact of Costs and Charges on Notional Return-0.54%
Initial Investment
Gross End Value - Initial Investment£51,100.00
Net End Value - Initial Investment£49,487.80

Gross Return on Initial Investment137.67%
Net Return on Initial Investment130.18%
Impact of Costs and Charges on Initial Investment Return-7.50%

* £1.70 per contract

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

EUR Scenario: DAX Future (DAX)

Portfolio Assumptions
Initial Investment€25,500.00
Margin Per Contract€23,150.00
Initial Contract Price€10,000.00
Multiple25
Number of Contracts1
Notional Amount€250,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%

Service Costs
"Round Trip" per Trade Fee*€4.00
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€8.75
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€48.00
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€105.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES€153.00
Gross Return
Notional
Start Value - Investment€250,000.00
End Value - Investment

€275,000.00

Gross Gain on Investment€25,000.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment€25,000.00
EndValue - Initial Investment€50,000.00
Gross Gain on Investment€25,000.00
Rate of Return100.00%
Net Return
Notional
Gross Return on Investment in €€25,000.00
Minus Costs and Charges Related to Investment€153.00

Net Return on Investment in €

€24,847.00

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %9.94%
Impact of Costs and Charges on Notional Return-0.06%
Initial Investment
Gross End Value - Initial Investment€50,000.00
Net End Value - Initial Investment€49,847.00

Gross Return on Initial Investment100.00%
Net Return on Initial Investment99.39%
Impact of Costs and Charges on Initial Investment Return-0.61%

* €2.00 per contract

USD Scenario: S&P 500 Future (ES)

Portfolio Assumptions
Initial Investment$28,000.00
Margin Per Contract$7,236.00
Initial Contract Price$2,955.00
Multiple50
Number of Contracts3
Notional Amount$443,250.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs
"Round Trip" per Trade Fee*$4.10
Financing Rate0.00%
Monthly Activity Fee$0.00
Monthly Market Data Fee$10.00
Research News and Fees$0.00
>
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$147.60
Financing$0.00
Monthly Activity Fee$0.00
Market Data Fee$120.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$267.60
Gross Return
Notional
Start Value - Investment$443,325.00
End Value - Investment$487,575.00
Gross Gain on Investment$44,325.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment$28,000.00
EndValue - Initial Investment$72,325.00
Gross Gain on Investment$44,325.00
Rate of Return158.30%
Net Return
Notional
Gross Return on Investment in $$44,325.00
Minus Costs and Charges Related to Investment$267.60
Net Return on Investment in $$44,057.40

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %9.94%
Impact of Costs and Charges on Notional Return-0.06%
Initial Investment
Gross End Value - Initial Investment$72,325.00
Net End Value - Initial Investment$72,057.40

Gross Return on Initial Investment158.30%
Net Return on Initial Investment157.35%
Impact of Costs and Charges on Initial Investment Return-0.96%

* $0.85 IB commission + $1.20 exchange and regulatory fees per contract


Example 5: Information Concerning Costs and Related Charges for Portfolio in Options

Intraday Scenario

Examples cover an intraday trading scenario

GBP Scenario: FTSE 100 Option

Portfolio Assumptions
Initial Investment £10,000.00
Margin 0.00%
Notional Amount£10,000.00
Initial strike£7,200.00
Initial underlying price£7,200.00
Multiplier1,000
Price per contract £1.10

# of contracts9
Round-Trip Trades Executed12
Underlying Rate of Return1.00%
Service Costs
"Round Trip" per Trade Fee*£3.40
Financing Fee0.00%
Monthly Activity Fee£0.00
Monthly Market Data Fee£120.75
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee £367.20
Financing£0.00
Monthly Activity Fee£0.00
Market Data Fee£120.75
Research News and Fees£0.00
Product Costs
Product Costs£0.00
TOTAL COSTS AND CHARGES £487.95
Gross Return
Start Value - Investment £10,000.00
End Value - Investment£16,380.00
Gross Gain on Investment£6,380.00
Rate of Return63.80%
Net Return
Gross Return on Initial Investment in ££6,380.00
Minus Costs and Charges Related to Investment£487.95
Net Return on Initial Investment in ££5,892.05

Net End Value - Initial Investment£15,892.05
Net Return - Initial Investment58.92%

Impact of Costs and Charges on Initial Investment Return-4.88%

* £1.70 per contract



Long Scenario Examples

Examples cover January 1 - December 31


EUR Scenario: DAX Option

EUR at-the-money scenario (Contract 4 months to expiration)

Portfolio Assumptions
Initial Investment €11,600.00
Margin 0.00%
Notional Amount€11,600.00
Initial strike€11,700.00
Initial underlying price€11,715.00
Multiplier5
Price per contract€470.30
Intrinsic Value€15.00
Time Value€455.30

# of contracts4
Round-Trip Trades Executed12
Underlying Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*€3.00
Financing Fee0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€8.75
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee €144.00
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€105.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES €249.00
Gross Return
Start Value - Investment€11,600.00
End Value - Investment€24,730.00
Gross Gain on Investment€13,130.00
Rate of Return113.19%
Net Return
Gross Return on Initial Investment in €€13,130.00
Minus Costs and Charges Related to Investment €249.00
Minus Roll-over Time-value decay (2 turns) €16,212.00
Net End Value of Gain-€ 3,331.00

Net End Value of Investment€ 8,269.00

Net Return on Investment-28.72%

Impact of Costs and Charges on Initial Investment Return-141.91%

* EUR 1.50 per contract

EUR Scenario: DAX Option

Portfolio Assumptions
Initial Investment €11,600.00
Margin 0.00%
Notional Amount€11,600.00
Initial strike€11,700.00
Initial underlying price€11,715.00
Multiplier5
Price per contract€243.70

# of contracts9
Round-Trip Trades Executed12
Underlying Rate of Return1.00%
Service Costs
"Round Trip" per Trade Fee*€3.00
Financing Fee0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€8.75
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee €324.00
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€8.75
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES €332.75
Gross Return
Start Value - Investment€11,600.00
End Value - Investment€16,913.25
Gross Gain on Investment€5,313.25
Rate of Return45.80%
Net Return
Gross Return on Initial Investment in €€5,313.25
Minus Costs and Charges Related to Investment €332.75
Net Return on Initial Investment in € €4,980.50

Net End Value - Initial Investment€16,580.50
Net Return - Initial Investment42.94%

Impact of Costs and Charges on Initial Investment Return-2.87%

* EUR 1.50 per contract






EUR Scenario: DAX Option

EUR 5% in-the-money scenario (Contract 4 months to expiration)

Portfolio Assumptions
Initial Investment €11,600.00
Margin 0.00%
Notional Amount€11,600.00
Initial strike€11,150.00
Initial underlying price€11,715.00
Multiplier5
Price per contract€835.20
Intrinsic Value€565.00
Time Value€270.20

# of contracts2
Round-Trip Trades Executed12
Underlying Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*€3.00
Financing Fee0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€8.75
Research News and Fees£0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee €72.00
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€105.00
Research News and Fees€0.00
Product Costs
Product Costs€0.00
TOTAL COSTS AND CHARGES €177.00
Gross Return
Start Value - Investment€11,600.00
End Value - Investment€17,865.00
Gross Gain on Investment€6,265.00
Rate of Return54.01%
Net Return
Gross Return on Initial Investment in €€6,265.00
Minus Costs and Charges Related to Investment €177.00
Minus Roll-over Time-value decay (2 turns) €4,404.00
Net End Value of Gain€ 1,684.00

Net End Value of Investment€13,284.00

Net Return on Investment14.52%

Impact of Costs and Charges on Initial Investment Return-39.49%

* EUR 1.50 per contract

USD Scenario: S&P 500 Option

Portfolio Assumptions
Initial Investment $13,000.00
Margin 0.00%
Notional Amount$13,000.00
Initial strike$2,925.00
Initial underlying price$2,925.00
Multiplier100
Price per contract$50.00

# of contracts2
Round-Trip Trades Executed12
Underlying Rate of Return1.00%
Service Costs
"Round Trip" per Trade Fee*$2.28
Financing Fee0.00%
Monthly Activity Fee$0.00
Monthly Market Data Fee$9.50
Research News and Fees$0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$54.72
Financing$0.00
Monthly Activity Fee$0.00
Market Data Fee$9.50
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$64.22
Gross Return
Start Value - Investment$13,000.00
End Value - Investment$15,850.00
Gross Gain on Investment$2,850.00
Rate of Return21.92%
Net Return
Gross Return on Initial Investment in £$2,850.00
Minus Costs and Charges Related to Investment $64.22
Net Return on Initial Investment in $$2,785.78

Net End Value - Initial Investment$15,785.78
Net Return - Initial Investment21.43%

Impact of Costs and Charges on Initial Investment Return-0.49%

* USD 1.14 per contract







EUR Scenario: DAX Option
EUR 5% out-of-the-money scenario (Contract 4 months to expiration)

Portfolio Assumptions
Initial Investment€11,600.00
Margin 0.00%
Notional Amount€11,600.00
Initial strike€12,300.00
Initial underlying price€11,715.00
Multiplier5
Price per contract€186.70
Intrinsic Value€0.00
Time Value€186.70

# of contracts12
Round-Trip Trades Executed12
Underlying Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*€3.00
Financing Fee0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€8.75
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€432.00
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€105.00
Research News and Fees€0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$537.00
Gross Return
Start Value - Investment€11,600.00
End Value - Investment€38,190.00
Gross Gain on Investment€26,590.00
Rate of Return229.22%
Net Return
Gross Return on Initial Investment in €€26,590.00
Minus Costs and Charges Related to Investment €537.00
Minus Roll-over Time-value decay (2 turns)€16,404.00
Net End Value of Gain€9,649.00

Net End Value of Investment€21,249.00

Net Return on Investment83.18%

Impact of Costs and Charges on Initial Investment Return-146.04%

* EUR 1.50 per contract


Example 6: Information Concerning Costs and Related Charges for Portfolio in Bonds

Examples covers January 1 - December 31

FULLY PAID EURONEXT BONDS

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin0.00%
Notional Amount€11,600.00
"Round-Trip" Trades Executed12
Rate of Return10.00%

Service Costs

"Round Trip" per Trade Fee*

(includes Euronext Exchange Fee: 0.0425%)

0.285%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€396.72
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
N/A€0.00
TOTAL COSTS AND CHARGES€420.72
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€302.40
Net End Value of Gain€857.60

Net End Value of Investment€12,339.28
Net Return on Investment6.37%
Impact of Costs and Charges-3.64%

* Tiered Schedule:

=

> EUR 50k 0.035% of trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

LEVERAGED EURONEXT BONDS

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin5.00%
Notional Amount€232,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

(includes Euronext Exchange Fee: 0.0425%)

0.183%
Margin Financing Fee = 1.5% + Benchmark1.50%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€5,095.20
Financing€3,306.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
N/A€0.00
TOTAL COSTS AND CHARGES€8,425.20
Gross Return
Notional
Start Value - Investment€232,000.00
End Value - Investment

€255,200.00

Gross Gain on Investment€23,200.00
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment€11,600.00
EndValue - Initial Investment€34,800.00
Gross Gain on Investment€23,200.00
Rate of Return200.00%
Net Return
Notional
Gross Return on Investment in €€23,200.00
Minus Costs and Charges Related to Investment€8,425.00

Net Return on Investment in €

€14,774.80

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %6.37%
Impact of Costs and Charges on Notional Return-3.63%
Initial Investment
Gross End Value - Initial Investment€34,800.00
Net End Value - Initial Investment€26,374.80

Gross Return on Initial Investment200.00%
Net Return on Initial Investment127.37%
Impact of Costs and Charges on Initial Investment Return-72.63%

* Tiered Schedule:

=

> EUR 50k 0.035% of trade value



Example 7: Information Concerning Costs and Related Charges for Portfolio in Leveraged Forex

Examples covers January 1 - December 31

MARGIN FOREX

Long EUR/Short USD Scenario 1.123

Portfolio Assumptions
Initial Investment$13,000.00
Margin3.00%
Notional Amount Available (Long EUR)€385,871.18
Notional Amount Available (Short USD)$433,333.33
"Round-Trip" Trades Executed12
Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*0.004%
Tiered Cash Interest Rates0-100k100k+
EUR Credit Interest0.000%-0.781%
USD Debit Interest3.880%3.380%

Monthly Activity Fee$0.00
Monthly Market Data Fee$0.00
Research News and Fees$0.00
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$208.00
EUR Credit Interest$2,507.27
USD Financing Fee$14,707.27
Monthly Activity Fee$0.00
Market Data Fee$0.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$17,422.54
Gross Return
Notional
Start Value - Investment$433,333.33
End Value - Investment

$476,666.67

Gross Gain on Investment$43,333.33
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment

$13,000.00

EndValue - Initial Investment$56,333.33
Gross Gain on Investment$43,333.33
Rate of Return333.33%
Net Return
Notional
Gross Return on Investment in $$43,3333.33
Minus Costs and Charges Related to Investment$17,422.54
Net Return on Investment in $$25,910.80

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %5.98%
Impact of Costs and Charges on Notional Return-4.02%
Initial Investment
Gross Return on Initial Investment in $$43,3333.33
Minus Costs and Charges Related to Investment$17,422.54
Net Return on Initial Investment in $$25,910.80

Gross End Value - Initial Investment$56,333.33
Net End Value - Initial Investment$38,910.80

Gross Return on Initial Investment333.33%
Net Return on Initial Investment199.31%
Impact of Costs and Charges on Initial Investment Return-134.02%

* 0.2 bps per trade value

FOREX CFD

Long EUR/Short USD Scenario 1.123

Portfolio Assumptions
Initial Investment$13,000.00
Margin3.00%
Notional Amount Available (Long EUR)€385,871.18
Notional Amount Available (Short USD)$433,333.33
"Round-Trip" Trades Executed12
Rate of Return10.00%
Service Costs
"Round Trip" per Trade Fee*0.004%
Tiered Contract Rate

0-100k100k+
EUR/USD Long Credit-3.913%-3.663%

Monthly Activity Fee$0.00
Monthly Market Data Fee$0.00
Research News and Fees$0.00



Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee$208.00
EUR/USD Long Credit*$16,123.00
Monthly Activity Fee$0.00
Market Data Fee$0.00
Research News and Fees$0.00
Product Costs
Product Costs$0.00
TOTAL COSTS AND CHARGES$16,331.00

*in this case a charge since the credit rate is negative


Gross Return
Notional
Start Value - Investment$433,333.33
End Value - Investment

$476,666.67

Gross Gain on Investment$43,333.33
Rate of Return10.00%
Initial Investment
Start Value - Initial Investment

$13,000.00

EndValue - Initial Investment$56,333.33
Gross Gain on Investment$43,333.33
Rate of Return333.33%
Net Return
Notional
Gross Return on Investment in $$43,3333.33
Minus Costs and Charges Related to Investment$16,331.00
Net Return on Investment in $$27,002.33

Gross Return on Notional Investment %10.00%
Net Return on Notional Investment %6.23%
Impact of Costs and Charges on Notional Return-3.77%
Initial Investment
Gross Return on Initial Investment in $$43,3333.33
Minus Costs and Charges Related to Investment$16,331.00
Net Return on Initial Investment in $$27,002.33

Gross End Value - Initial Investment$56,333.33
Net End Value - Initial Investment$40,002.33

Gross Return on Initial Investment333.33%
Net Return on Initial Investment207.71%
Impact of Costs and Charges on Initial Investment Return-125.62%

* 0.2 bps per trade value



Example 8: Information Concerning Costs and Related Charges for Portfolio in Structured Products

Examples covers January 1 - December 31

OPEN-END TURBO

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts2,468

Initial Strike18.80
Initial Underlying Price23.50
Price per Contract€4.70

Leverage5
Notional Amount€58,000.00
"Round-Trip" Trades Executed12
Rate of Return10.00%

Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.01
Management Fee0.00%
Financing Rate = 3% + Benchmark2.333%



Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€296.17
Management Fee€0.00
Financing€1,082.51
TOTAL COSTS AND CHARGES€1,681.08
Gross Return
Initial Investment€11,600.00
End Value - Investment€16,317.49
Rate of Return10.00%
Net Return
Investment Gain in €€4,717.49
Minus Costs and Charges Related to Investment€1,681.08
Net End Value of Gain€3,036.41

Net End Value of Investment€14,636.41
Net Return on Investment26.18%
Impact of Costs and Charges-14.49%

* 0.1% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

FACTOR CERTIFICATE

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts2,320

Price per Contract€5.00

Factor5


"Round-Trip" Trades Executed12
Rate of Return10.00%



Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.01
Management Fee0.05%
Benchmark-0.667%
Financing Spread0.900%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€278.40
Management Fee€58.00
Financing€599.37
TOTAL COSTS AND CHARGES€1,238.17
Gross Return
Initial Investment€11,600.00
End Value - Investment€17,400.00
Rate of Return50.00%
Net Return
Investment Gain in €€5,800.00
Minus Costs and Charges Related to Investment€1,238.17
Net End Value of Gain€4,561.83

Net End Value of Investment€16,161.83
Net Return on Investment39.33%
Impact of Costs and Charges-10.67%

* 0.1% per trade value


BONUS CERTIFICATE - MAJOR INDEX (DAX)

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts93

Price per Contract€125.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.03
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€33.41
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€335.81
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€335.81
Net End Value of Gain€824.19

Net End Value of Investment€12,424.19
Net Return on Investment7.11%
Impact of Costs and Charges-2.89%

* 0.1% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

BONUS CERTIFICATE - MINOR INDEX (TecDAX)

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts387

Price per Contract€30.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.10
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€464.00
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€766.40
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€766.40
Net End Value of Gain€393.60

Net End Value of Investment€11,993.60
Net Return on Investment3.39%
Impact of Costs and Charges-6.61%

* 0.1% per trade value

BONUS CERTIFICATE - SHARES

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts211

Price per Contract€55.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.02
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€50.62
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€353.02
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€353.02
Net End Value of Gain€806.98

Net End Value of Investment€12,406.98
Net Return on Investment6.96%
Impact of Costs and Charges-3.04%

* 0.1% per trade value

DISCOUNT CERTIFICATE - MAJOR INDEX (DAX)

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts110

Price per Contract€105.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.01
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€13.26
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€315.66
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€315.66
Net End Value of Gain€844.34

Net End Value of Investment€12,444.34
Net Return on Investment7.28%
Impact of Costs and Charges-2.72%

* 0.1% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

DISCOUNT CERTIFICATE - MINOR INDEX (TechDAX)

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts464

Price per Contract€25.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.05
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€278.40
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES

€580.80

Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€580.80
Net End Value of Gain€579.20

Net End Value of Investment€12,179.20
Net Return on Investment4.99%
Impact of Costs and Charges-5.01%

* 0.1% per trade value

DISCOUNT CERTIFICATE - SHARES

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts211

Price per Contract€55.00

"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.02
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€278.40
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€50.62
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€353.02
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€353.02
Net End Value of Gain€806.98

Net End Value of Investment€12,406.98
Net Return on Investment6.96%
Impact of Costs and Charges-3.04%

* 0.1% per trade value

INDEX CERTIFICATE - MAJOR INDEX WITHOUT MANAGEMENT FEE

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts166

Price per Contract€70.00

"Round-Trip" Trades Executed6
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.45
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€139.20
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€12.00
Research News and Fees€0.00
Product Costs
Issuer Spread€447.43
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€598.63
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€598.63
Net End Value of Gain€561.37

Net End Value of Investment€12,161.37
Net Return on Investment4.84%
Impact of Costs and Charges-5.16%

* 0.1% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

INDEX CERTIFICATE - MINOR INDEX WITHOUT MANAGEMENT FEE

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts83

Price per Contract€140.00

"Round-Trip" Trades Executed6
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€1.30
Management Fee0.00%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€139.20
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€12.00
Research News and Fees€0.00
Product Costs
Issuer Spread€646.29
Management Fee€0.00
Financing€0.00
TOTAL COSTS AND CHARGES€797.49
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.49
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€797.49
Net End Value of Gain€362.51

Net End Value of Investment€11,962.51
Net Return on Investment3.13%
Impact of Costs and Charges-6.87%

* 0.1% per trade value


INDEX CERTIFICATE - MAJOR INDEX WITH MANAGEMENT FEE

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts387

Price per Contract€30.00

"Round-Trip" Trades Executed6
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.01
Management Fee0.25%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€139.20
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€12.00
Research News and Fees€0.00
Product Costs
Issuer Spread€23.20
Management Fee€29.00
Financing€0.00
TOTAL COSTS AND CHARGES€203.40
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€203.40
Net End Value of Gain€956.60

Net End Value of Investment€12,556.60
Net Return on Investment8.25%
Impact of Costs and Charges-1.75%

* 0.1% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

INDEX CERTIFICATE - MINOR INDEX WITH MANAGEMENT FEE

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
# of contracts166

Price per Contract€70.00

"Round-Trip" Trades Executed6
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.20%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Issuer Spread€0.05
Management Fee1.5%
Benchmark0.000%
Financing Spread0.000%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€139.20
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€12.00
Research News and Fees€0.00
Product Costs
Issuer Spread€49.71
Management Fee€174.00
Financing€0.00
TOTAL COSTS AND CHARGES€374.91
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€374.91
Net End Value of Gain€785.09

Net End Value of Investment€12,385.09
Net Return on Investment6.77%
Impact of Costs and Charges-3.23%

* 0.1% per trade value






Example 9: Information Concerning Costs and Related Charges for Portfolio in Exchange Traded Funds

Examples covers January 1 - December 31

ETF on MAJOR INDEX

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin0.00%
Notional Amount€11,600.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.10%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Management Fee0.09%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€139.20
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€0.00
Management Fee€10.44
Financing€0.00
TOTAL COSTS AND CHARGES€173.64
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€173.64
Net End Value of Gain€986.36

Net End Value of Investment€12,586.36
Net Return on Investment8.50%
Impact of Costs and Charges-1.50%

* 0.05% per trade value

The above examples illustrate a portfolio engaged in trading equity products. Market Data services were selected by the portfolio.

ETF on MINOR INDEX

EUR Scenario

Portfolio Assumptions
Initial Investment€11,600.00
Margin0.00%
Notional Amount€11,600.00
"Round-Trip" Trades Executed12
Rate of Return10.00%


Service Costs

"Round Trip" per Trade Fee*

0.10%
Financing Rate0.00%
Monthly Activity Fee€0.00
Monthly Market Data Fee€2.00
Research News and Fees€0.00

Product Costs
Management Fee0.65%
Costs and Charges Applicable to Investment
Service Costs
"Round Trip" Trade Fee€139.20
Financing€0.00
Monthly Activity Fee€0.00
Market Data Fee€24.00
Research News and Fees€0.00
Product Costs
Issuer Spread€0.00
Management Fee€75.40
Financing€0.00
TOTAL COSTS AND CHARGES€238.60
Gross Return
Initial Investment€11,600.00
End Value - Investment€12,760.00
Rate of Return10.00%
Net Return
Investment Gain in €€1,160.00
Minus Costs and Charges Related to Investment€238.60
Net End Value of Gain€921.40

Net End Value of Investment€12,521.40
Net Return on Investment7.94%
Impact of Costs and Charges-2.06%

* 0.05% per trade value

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information read the "Characteristics and Risks of Standardized Options". For a copy click here.

Your capital is at risk and your losses may exceed the value of your original investment.

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.

Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme;
products are only covered by the UK FSCS in limited circumstances.

Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page.

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